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2022

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Retail FX

Revolut to Report over $2 Billion Revenue in 2023, Adds 300K Users Weekly

  • Amidst challenges, Revolut grows users and aims to become a "super app."
  • The fintech has amassed over 40 million clients worldwide.
Wednesday, 20/12/2023 | 12:57 GMT by Damian Chmiel
Retail FX

Financial Scams on the Decline in New Zealand, FMA Finds

  • The market watchdog reported a decrease in financial scams in New Zealand since mid-2022.
  • However, there was a rise in imposter websites and fake regulators.
Tuesday, 05/12/2023 | 12:03 GMT by Damian Chmiel
Institutional FX

Zenfinex (Now Taurex) Achieves 66% Revenue Growth in 2022, Despite Net Loss

  • The company reported a marked loss despite higher revenue.
  • Increased expenses overshadow the revenue rise to £397K.
Tuesday, 28/11/2023 | 08:09 GMT by Damian Chmiel
Retail FX

eToro UK's Massive Cost Reductions Lead to 13% Net Profit Increase in 2022

  • eToro UK net income fell 46% in 2022 to $143.8 million.
  • However, the net profit rose 13%, achieving $3.43 million.
Wednesday, 11/10/2023 | 06:51 GMT by Damian Chmiel
Institutional FX

Tavira Financial's Revenues Rise but Bottom Line Suffers in FY23

  • The company joins the broader industry trend of higher revenues but shows a lack of profit in 2022.
  • The net result deteriorated 125%.
Tuesday, 10/10/2023 | 11:35 GMT by Damian Chmiel
Retail FX

XM and Trading.com Operator Reports £1.09 Million Net Loss in 2022 despite Higher Revenues

  • Trading Point operates XM and Trading.com brands.
  • Despite higher revenues in 2022, the company has not reached the break-even point.
Wednesday, 04/10/2023 | 07:23 GMT by Damian Chmiel
Retail FX

FxPro UK Revenue Rises by 20% Despite Net Loss

  • The company reports a lack of profitability for the second consecutive year.
  • However, FxPro did manage to increase both volume and revenue.
Wednesday, 04/10/2023 | 06:52 GMT by Damian Chmiel
Institutional FX

Citadel Securities' Holding Company Revenue Jumps 120% amid Expansion Plans

  • Revenue increased to $1.23 billion, while net income rose $78%.
  • The director spoke about the desire to expand into new markets and asset classes.
Tuesday, 03/10/2023 | 07:16 GMT by Damian Chmiel
Retail FX

Hantec Markets Struggles to Turn 7% Higher Revenue into Profit in 2022

  • For the broker, 2022 was the second consecutive year of revenue growth.
  • However, this was not enough to achieve net profitability.
Sunday, 01/10/2023 | 13:01 GMT by Damian Chmiel
Retail FX

Capital.com Shatters Previous Year's Profit by 123%, Reaching £4.13 Million

  • The FX/CFD broker also reports an increase of 88% in revenues.
  • Despite higher income, the number of client funds fell slightly.
Thursday, 21/09/2023 | 07:41 GMT by Damian Chmiel
CryptoCurrency

From Boom to Bust: Bitstamp Dives from €37M Profit to €9M Loss in One Year

  • The UK branch of the crypto exchange reported significant losses.
  • This confirms that 2022 was a challenging period for companies in the industry.
Thursday, 10/08/2023 | 09:19 GMT by Damian Chmiel
Institutional FX

FXSpotstream Europe Boosts Revenues and Net Income in 2022 by 34%

  • The results apply only to the company's European division.
  • The enterprise is registered in the UK as a 'small' company.
Thursday, 15/06/2023 | 08:02 GMT by Damian Chmiel
Institutional FX

Cantor Fitzgerald Europe Reports 80.5% Jump in Gross Profit in 2022

  • The derivatives investment bank saw a vital increase in pre-tax and gross profit.
  • In addition, total assets increased to $1.174 billion.
Saturday, 27/05/2023 | 13:11 GMT by Damian Chmiel
Institutional FX

Nomura 2022 Net Income Falls 35% Amid Market Volatility, Geopolitical Risks

  • Overall revenues were higher, but the net metrics fell yearly and quarterly.
  • Nomura refers to a volatile market and heightened geopolitical risk.
Wednesday, 26/04/2023 | 07:48 GMT by Damian Chmiel
Retail FX

Conotoxia's 2022 FX Turnover Soars 5% to $8.29 Billion, Record User Base

  • Conotoxia reported record-breaking metrics for 2022.
  • The fintech company showed increased FX volumes and a number of active clients.
Tuesday, 25/04/2023 | 08:50 GMT by Damian Chmiel
Institutional FX

Devaluation Eats 18% into Cypriot Investment Managers’ AUM in 2022

  • CySEC also attributed the decrease to redemptions of shares and asset disposals.
  • The drop came despite the increase in investment firms during the third quarter.
Tuesday, 28/03/2023 | 13:22 GMT by Solomon Oladipupo
Retail FX

eToro Gets $250M Funding from Failed SPAC Deal, Valuation Hits $3.5B

  • The SPAC deal, which collapsed in July, would have valued eToro at $10.4 billion.
  • eToro’s total commissions dropped by almost half to $631 million in 2022.
Tuesday, 21/03/2023 | 20:40 GMT by Solomon Oladipupo
Institutional FX

WFE: Global Stock Market Lost $25 Trillion in 2022

  • Inflation, Russia-Ukraine war and other factors contributed to the loss.
  • However, last year the market saw the highest global volumes in six years.
Friday, 17/03/2023 | 17:35 GMT by Solomon Oladipupo
Retail FX

CySEC Supervised 837 Entities and Imposed €2.9 million Fines in 2022

  • CIFs represent the majority of licensed and sanctioned entities.
  • CySEC's oversight extends to two new types of companies: crowdfunding and PEPP.
Wednesday, 15/03/2023 | 13:08 GMT by Damian Chmiel
Retail FX

INFONIX's Metrics Skyrocket in 2022 Pushed by Latin America and Asia

  • The global broker's first-time deposit jumped by over 200% in Latin America.
  • INFINOX Capital posted a 150% growth in revenue in fiscal year 2022.
Thursday, 02/03/2023 | 21:05 GMT by Solomon Oladipupo
Institutional FX

Global Demand Catapults TS Imagine’s Bookings 72% Higher in 2022

  • Recurring bookings boost emerged from North America, Europe and other regions.
  • TS Imagine attribute demand surge to technology and team expansion.
Tuesday, 28/02/2023 | 18:36 GMT by Solomon Oladipupo
FinTech

Klarna’s Revenue Increases 21% to $1.85 Billion in 2022

  • The fintech company's GMV shot up 22% to $80.35 billion.
  • Klarna's global consumers reached 150 million in 2022.
Tuesday, 28/02/2023 | 15:42 GMT by Solomon Oladipupo
Institutional FX

Lower Trading Bites 6% into Saxo Bank's Profit in 2022

  • Trading-related earnings dipped 2% YoY to DKK 4.85 billion.
  • However, Saxo Bank saw record-high numbers in 2022 with 876,000 total clients.
Friday, 24/02/2023 | 18:51 GMT by Solomon Oladipupo
Institutional FX

Proprietary Trading Execs Are Banking on Interest Rates in 2023

  • They see significant profit opportunities in equity options, energy and commodities.
  • Trading executives also reported a "very strong" 2022 marked by higher volatility.
Wednesday, 22/02/2023 | 15:32 GMT by Solomon Oladipupo
FinTech

Bunq, Second Largest Neobank in EU, Reports First Quarterly Profit

  • Bunq broke even for the first time in December 2021.
  • The Dutch challenger bank was founded 10 years ago by Ali Niknam.
Tuesday, 21/02/2023 | 20:50 GMT by Solomon Oladipupo
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